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Aug. 31, 2022, 7:33 a.m. EDT

Rekor Announces Parking Contract with Augusta University Health

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Aug 31, 2022 (ACCESSWIRE via COMTEX) -- COLUMBIA, MD / ACCESSWIRE / August 31, 2022 / Rekor Systems, Inc, /zigman2/quotes/200959926/composite REKR +1.25% ("Rekor" or the "Company"), a global AI technology company with a mission to provide data-driven insights that build safer, smarter and more efficient cities around the world through intelligent infrastructure, today announced that it has been awarded a multiyear contract to digitize parking permitting for Augusta University Health System ("AU Health") in Augusta, Georgia. AU Health provides comprehensive routine-to-complex care at the AU Medical Center, which houses the region's only Level 1 trauma center, as well as at Children's Hospital of Georgia, Georgia Cancer Center, historic Roosevelt Warm Springs Rehabilitation and Specialty Hospitals, Georgia War Veterans Nursing Home, and more than one hundred primary and specialty care clinics across the state.

In addition to deploying Rekor's vehicle recognition technology at the AU Health campuses, the Company's joint venture parking partner ROKER ("Rekor" spelled backwards and pronounced "Rock-er"), will provide an end-to-end solution for simplified parking permitting, electronic citation management and parking enforcement for AU Health. This end-to-end solution is enabled by Rekor Systems' vehicle recognition solutions and Roker's blockchain and digital permit management technology.

"The ROKER + Rekor SaaS-based integrated parking platform enables permit management, parking enforcement, and mobile payments, and manages violations and compliance for customers such as AU Health as well as parking operators, universities, airports, retail establishments and public parks. This cloud-first system is built on a state-of-the-art architecture that includes artificial intelligence, and the Internet of Things to empower real-time transactions," said Robert A. Berman, CEO and Chair.

ROKER was founded in June 2020 as a venture between Rekor Systems and Cygnet Infotech, a premier product engineering and application development services firm. ROKER works with mid to large parking asset owners to solve their challenges around parking through its unified platform that can be used to manage mobile pay parking, parking enforcement, digital permitting, payments and more. ROKER has launched and implemented its end-to-end platform across 25+ cities, municipalities, campuses and parking operators to help them manage parking and mobility infrastructure.

"By implementing Roker's digital parking platform, we aim to provide employees, residents and visitors at AU Health a simplified parking experience and convenience to pay for parking, while also effectively managing multiple aspects of their parking operations under a single, centralized system through Roker's end-to-end platform," said Sachin Bedi, CEO Roker Inc.

About Rekor Systems, Inc.

Rekor Systems, Inc. /zigman2/quotes/200959926/composite REKR +1.25% is a trusted global authority on intelligent infrastructure providing innovative solutions that drive the world to be safer, smarter, and more efficient. As a provider of comprehensive, continuous, and real-time roadway intelligence, Rekor leverages AI, machine learning, and holistic data to support the intelligent infrastructure that is essential for smart mobility. With its disruptive technology, the Company delivers integrated solutions, actionable insights, and predictions that increase roadway safety.

Forward-Looking Statements

This press release and its links and attachments contain statements concerning Rekor Systems, Inc. and its future expectations, plans, and prospects that constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the impact of Rekor's core suite of AI-powered technology and the size and shape of the global market for ALPR systems. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. For this purpose, any statements that are not statements of historical fact may be deemed to be forward-looking statements. In some cases, you can identify forward-looking statements by terms such as "may," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," or "continue," by the negative of these terms or by other similar expressions. You are cautioned that such statements are subject to many risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual circumstances, events or results may differ materially from those projected in the forward-looking statements, particularly as a result of various risks and other factors identified in our filings with the Securities and Exchange Commission. All forward-looking statements contained in this press release speak only as of the date on which they were made and are based on management's assumptions and estimates as of such date. We do not undertake any obligation to publicly update any forward-looking statements, whether as a result of the receipt of new information, the occurrence of future events, or otherwise.

Media & Investor Relations Contact:

Rekor Systems, Inc.
Charles Degliomini
ir@rekorsystems.com

SOURCE: Rekor Systems, Inc.

COMTEX_413443602/2457/2022-08-31T07:33:17

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

/zigman2/quotes/200959926/composite
US : U.S.: Nasdaq
$ 0.99
+0.01 +1.25%
Volume: 110,679
Nov. 30, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$52.87 million
Rev. per Employee
$74,224
loading...
/zigman2/quotes/200959926/composite
US : U.S.: Nasdaq
$ 0.99
+0.01 +1.25%
Volume: 110,679
Nov. 30, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$52.87 million
Rev. per Employee
$74,224
loading...

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